DEALBOOK ONLINE

By AZAM AHMEM and PETER LATTMAN

Published: February 1, 2011

REAL ESTATE MERGER ProLogis, the warehouse operator run by Walter C. Rakowich, left, the chief executive, and the AMB Property Corporation agreed to merge on Monday in a deal that would create a real estate company with a total market value of $24 billion.

The all-stock transaction has been billed as a ''merger of equals'' by the two companies. The newly formed company, to be named ProLogis, will own and manage some $46 billion in assets. TOO BIG TO FAIL? Systemic risk reporting is something of a question mark. Any hedge fund deemed systemically risky could be forced to report a level of detail previously unknown in the industry. And new regulations proposed last week would require hedge funds to report their holdings quarterly to determine which funds are too big to fail.

But the president of the Managed Funds Association, Richard H. Baker, says he does not think any hedge funds meet that criteria now. That's not to say they won't one day. AZAM AHMED BLACK-TIE ELITE Several boldface names shortened their Davos trips to make it back to Washington for one of its most prestigious events: the Alfalfa Club dinner on Saturday night.

The Alfalfa Club was founded in 1913 by a group of Southern men to celebrate the birthday of Robert E. Lee, above, the Civil War general. Its grand purpose: to hold an annual black-tie dinner in Washington on the last Saturday of January. PETER LATTMAN LOVE AND MONEY Credit Suisse analysts say that the planned retirement of the Pall Corporation's chief executive, Eric Krasnoff, in March 2012 will prompt the company ''to merge or become acquired.''

The retirement was announced this month after Mr. Krasnoff disclosed to the board that he intended to ''pursue a personal relationship'' with the company's general counsel, Sandra Marino, who resigned her post.